I tried forex,using supposedly one of the best forex software at the time,and actually still lost money
It just like any other betting or lottery situation. The thing is - you have to "understand" how the system works and remember there are really no short cuts. You almost need a sixth sense about this kind of thing. And never bet more than you can afford to lose. Is it a gamble - Oh yeah! You could come out a winner or lose your shirt. That's the nature of the beast.
I would not say its totally gambling,it is often shown as a glamorous way to make massives amounts of money which is far from the trueth the trouble is many 'FXnewbie' are sucked into this glamour and think its a very easy way to make money they think buying special software will do it all for you on auto pilot.The bottom line 98% of people fail as they have not taken the time to really study it but if you do your homework and then enter the final 2% elite you will then start to earn a very tidy income the only trouble is all the FX companies either providing the trading accounts or the software or the techniques in trading show the glamour side of trading but they will never show the massive amount of failures as that would hurt or tarnish the image of showing the FX trader with the Ferrari on the drive and the stunning blonde girl on his arm. If it was easy everyone would be doing it so although i would agree it could be seen as gambling but so is owning a website as very few get to the top,infact most things in life are a gamble even when i walk across the road i could well be knocked down by a bus so even crossing the road is a gamble.
Have you ever traded Forex ??? and yes i do trade FX and have done for many years but was just wondering what your experiance of the subject is.
Forex is not very a gamble, and those who say it is should actually try it out without just saying it is. I have traded their and it isn't a gamble, it just requires planning, and studying, and you can't take overly large risks and if you don't you should make some nice profit.
Not really Forex can be used for a lot of useful purposes, hedging of currencies, swaps, exotics etc help to lessen the market risk and exposures. Of course you can use it for gambling. But if I remembered correctly 95% lost in forex. The gains are tiny, but normally the draw backs are huge.
Forex is gambling if you don't know what you are doing. The professionals who trade in banks don't consider is gambling because they understand how the markets work.
Its indeed a big time gamble. Most of the times pros who spent their lives in forex market cant really predict the downfall - Even the greatest economists fail to sense at times. So for most of the people sitting on internet spending on forex and making money is almost equivalent as many people making money on online gambling.
No is not Gambling it is investing you money in a currency verus another.And for that you analyse the charts,the market and the economic news to searche for good invstments to make.
Forex doesn't have to a gamble if you know what you're doing. Just make sure you do your homework. Get a mentor or find a good course.
Forex is not a gambling , It is a business ,not only a business but also a high quality business. To do it you need a lot of technical and vast knowledge about Forex. conditions are: -mental strength, -then ability to take high risk, -a lot of patience , -tendency to stick with it till success.
It's a fluctuating game. U can't assure urself of making money every time, this can makes u bankrupt too. Forex kind of accounting & money games are purely made for experts. If u find out urself as the master of this trembling market, then go on n try your luck.
has any one made money from using those "best forex software"? I heard the forex is a very volatile arena where you can make a lot of money fast but also on the flip side lose money fast...